Our DailyMarket Reports

Closing Gold & Silver Market Report – 12/21/2010

12/21/2010 4:42:20 PM By: Peter LaTona

At 4PM (CT) the APMEX precious metal prices were:

Gold price - $1,386.60

Silver price - $29.41

Platinum price - $1,714.60

Palladium price -$756.00

COMMENTARY: Gold spot price and silver price were basically flat as they traded up and down all day long. Platinum and Palladium continued to move up on supply side concerns. Mining for platinum in South Africa is getting more expensive and difficult, while the Russians are running out of palladium stock. Platinum was up $12.90 and palladium was up $10.30.

Disclaimer:
APMEX’s ‘Market Reports’ provide our readers with a review of spot price activity and some of the factors that may be affecting the market for precious metals, three times during the trading day. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The "News and Commentaries" are not intended as a comprehensive discussion and there may be other factors that may be affecting the financial marketplace. These "News and Commentaries" are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, to purchase or to sell any precious metal product. All orders, all purchases and all sales, if any, are subject to the terms of the User Agreement and other applicable policies.